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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: OpusX who wrote (42721)	12/21/2000 1:22:34 PM
From: OpusX	Read Replies (1) \| Respond to of 44573

guys, have a great day, on a side note, I have to type this because it is so important to me as a trader (even though it is SO simple) I finally realized something not just intellectually, but physically as well (meaning I have internalized and grounded it) here it is: I recently have begun to really see setups, entries, exits, (I even project profits on trades. but it is okay to quit for the day and enjoy your family in fact that is what you SHOULD do a lot of the time, and then just stop and say to yourself well: YOU'LL GET AT LEAST ONE MORE CHANCE AT THAT ENTRY PRICE sorry for the blabbing off now, see ya tomorrow

To: OpusX who wrote (42721)	12/21/2000 1:45:09 PM
From: Chip McVickar	Respond to of 44573

Cherry Bomb/b ~Can form on any chart. ~Strictly speaking only at peaks. ~It does not have a lower tail, just an upper one. But I've seen both work. ~Head must be completely buried in the former bars body, which is usually white. ~Body is compact, not extended, dark and at the top. ~Third bar Best lower then height of cherry bomb body...Some leeway. Strength of move down is undetermined, but very consistent. When to trade it...! I'd say after the 3rd bar has printed below the body of the cherry bomb for tight entries, but anytime after the third bar is well established. In Bar chart reading this is just a simple reversal pattern. These can come in 5 bar patterns and up to 7 bar patterns